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fatboy007
Apr 30, 2017 8:40 AM

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DAX index of German listed sharesFXCM

Description

On the daily level
Currently, we have not elected any Daily Bearish Reversals from this new high of Wednesday April 26th. The immediate Daily Bearish Reversal to watch lies at 1222537. A closing beneath this level will signal a temporary high is in place. Additionally, 1244237 offers some technical overhead resistance for now. We need a daily closing above 1248290 to imply a further rally is unfolding technically speaking.
On the weekly level
The immediate Weekly Bearish Reversal to watch lies at 1191606. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1228937 would also imply a technical based pause in the uptrend
On monthly level
Monthly Bearish Reversal to watch lies at 1133136. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1185027 would also imply a technical based pause in the uptrend
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